GOLD Stock Recent News

Barrick's (GOLD) first-quarter earnings beat estimates and sales miss amid lower gold production.

Barrick Gold President and CEO Mark Bristow discusses the company's first-quarter earnings and the outlook for the gold and copper markets with Katie Greifeld on Bloomberg Television. Barrick Gold reported adjusted earnings per share for the first quarter that beat the average analyst estimate.

Barrick Gold Corp. (TSX:ABX, NYSE:GOLD) faced a challenging first quarter in 2024 with a slight miss in free cash flow due to unfavorable working capital changes, despite achieving better-than-expected cash flow before these changes. The gold and copper mining giant reported an adjusted earnings per share of $0.19, surpassing investment bank Jefferies' forecast and consensus estimates of $0.15, attributed to reduced general, administrative, exploration, and finance costs.

(Kitco News) - Higher gold prices in the first quarter of 2024 continue to drive profits as Barrick Gold (NYSE: GOLD, TSX: ABX), reported slightly weaker gold production in the first quarter but said it was still on track to meet its annual target.“Gold production is expected to ramp up steadily during the year, supported by the completion of the Pueblo Viejo plant expansion and the resumption of operations at the Porgera mine.

Barrick Gold (GOLD) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.14 per share a year ago.

Lower gold production and higher costs are likely to have affected Barrick's (GOLD) Q1 performance.

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Barrick Gold (GOLD) concluded the recent trading session at $16.69, signifying a +1.64% move from its prior day's close.